TMA Club has announced an exclusive two-year discount deal for self-employed borrowers with Buckinghamshire Building Society.
The new product – which was designed for borrowers who fit non-standard credit criteria – will be available exclusively to TMA Club intermediaries for the next six weeks, before a full, market-wide launch in December.
The product is available for both purchase and remortgage with a two-year discounted rate of 3.59% (1.65% discount off the current SVR of 5.24%) and is available up to 70% LTV, with a maximum loan size of £500,000.
The building society has agreed to offer this product to self-employed applicants for the first time as it recognised the rising number of borrowers that were now working in more flexible arrangements.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said that the self-employed market was continuing to grow exponentially, and it had chosen TMA to reach out to this sector.
“We are confident that working with TMA will aid greatly in developing our product range and managing distribution so that more intermediaries can take advantage of this exclusive deal before we roll out to the wider market.”
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